Where Does Wall Street Think Bank of Nova Scotia (BNS) Stock Will Go?

Friday, July 01, 2022 02:32 PM | InvestorsObserver Analysts

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Wall Street is positive on Bank of Nova Scotia (BNS). On average, analysts give Bank of Nova Scotia a Buy rating. The average price target is $73.245, which means analysts expect the stock to rise by 24.69% over the next twelve months. That average ranking earns Bank of Nova Scotia an Analyst Rating of 17, which is better than 17% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating BNS a Buy today. Find out what this means to you and get the rest of the rankings on BNS!
See Full BNS Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Bank of Nova Scotia Stock Today?

Bank of Nova Scotia (BNS) stock is trading at $58.74 as of 2:30 PM on Friday, Jul 1, an increase of $0.33, or 0.57% from the previous closing price of $58.41. Volume today is above average. So far 2,702,739 shares have traded compared to average volume of 1,631,816 shares. The stock has traded between $57.42 and $58.84 so far today. Click Here to get the full Stock Report for Bank of Nova Scotia stock.

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